Cash Only a thing of the past?

[gpietersz]

Yes I know Tor isn’t a payment method, it’s a browser in the dark web.

Used in conjunction with ******, it works very well indeed!

Ok, understood. Tor prevents logging of your IP address.

You still need to be quite careful if you want to ensure anonymity.

Protect your privacy - Bitcoin

bitcoin.org

 

[Lucan Unlordly]

I like cash?, a throwback from times when having a few quid in your pocket felt better than having it sit in a bank account and required a special journey to draw out.............way before cash points were on every street corner.
I went to go 'out out' for an afternoon beer last weekend and thought I'd best lighten my wallet carrying £720, relieved it of £620 and put it with another £400 I had stuck under a Vase. I've a couple of hundred stashed in a draw at work, an emergency tenner in the glove boxes of every vehicle but buy most things using a card, except booze!

I don't think i'll change until they invent a card that's really thin, the size of a fiver and got the Queens head on it.

 

[japancool]

Actually, there is one place I would always use cash in - a casino.

 

[Bob Morgan]

I like cash?, a throwback from times when having a few quid in your pocket felt better than having it sit in a bank account and required a special journey to draw out.............way before cash points were on every street corner.
I went to go 'out out' for an afternoon beer last weekend and thought I'd best lighten my wallet carrying £720, relieved it of £620 and put it with another £400 I had stuck under a Vase. I've a couple of hundred stashed in a draw at work, an emergency tenner in the glove boxes of every vehicle but buy most things using a card, except booze!

I don't think i'll change until they invent a card that's really thin, the size of a fiver and got the Queens head on it.

In my part of the world we have to leave a 1,000 Peso Note in the Glove Compartment for the Policeman. They do not accept cards, but will give you a 'Blue Light Escort' to an ATM!

Plastic versions of the 1,000 Peso Note were introduced just before the recent elections. Part of the note is transparent - Reflecting a level of (alleged) 'Transparency' in Government! However, many claim that they have seen images of 'Imelda's Shoes' and a 'Lost Picasso!'

 

[Kerwin]

I never have cash and find it really annoying that I need to pay for cleaning services in my house using it. I have to get someone else to go into town to get some actual cash so I tend to pay four weeks in advance so I only need to get cash once a month. I honestly don't understand why they can't just accept a simple bank transaction on direct debit.

 

[pentel]

I always make sure I have cash as well as debit and credit cards. There is a place for all 3

I honestly don't understand why they can't just accept a simple bank transaction on direct debit.

Direct debit? Please take whatever you want from my account and if I spot that you have taken more than you should have I might get it back? ... to be avoided as much as possible as far as I am concerned.....

 

[Kerwin]

I always make sure I have cash as well as debit and credit cards. There is a place for all 3




Direct debit? Please take whatever you want from my account and if I spot that you have taken more than you should have I might get it back? ... to be avoided as much as possible as far as I am concerned.....

Well, yeah. I probably wouldn't use direct debit for anything from a fishy person but I trust these people so a direct debit wouldn't worry me and they know that if I missed a payment for any reason then I would pay them back within 48 hours and I know they would give any overpayments back likewise.

 

[Matt.smith.TP]

I was amazed, recently, to speak to a person locally who still likes to pay cash for everything.


At that point they had around £400 in cash on their person.

I would definitely lose that.

I tend to have change, for essential items. But if I turn up at a cafe and they only take cash, I will just press on - because I would need to find an ATM to get the money.

Of course, if I know in advance I am going to a cash only place, I could go armed with some cash.

If i have more than £5 in cash on me at a time i'll be shocked

I rarely carry change for trolleys at supermarkets.

Alot of people still seem to use cash I've got cash in my house from Christmas that i'm still yet to spend.

 

[Matt.smith.TP]

I never have cash and find it really annoying that I need to pay for cleaning services in my house using it. I have to get someone else to go into town to get some actual cash so I tend to pay four weeks in advance so I only need to get cash once a month. I honestly don't understand why they can't just accept a simple bank transaction on direct debit.

Surprised they don't have a invoicing service or they can send payments by email links or by text.

My window cleaners uses one of these that we produce, the time he spent going back to get payment and people not being in or forgetting to take cash out has gone

 

[japancool]

I honestly don't understand why they can't just accept a simple bank transaction on direct debit.

So that they don't have to mention it to HMRC.

 

[Kerwin]

So that they don't have to mention it to HMRC.

This is a cleaning service for supported accommodation so that isn't it.

 

[MikeJ]

Cash will carry on, but it is starting to die out a lot. Even if cash was made redundant, people would revert to bartering.

Fun fact... there's no evidence we ever bartered before cash.

 

[MikeJ]

Cheque?!?!?

What's one of those?

I found my cheque book the other day, and looked to see what the last cheque I wrote was. It was to my mother for her birthday.

She died in 2015...

 

[SillyBill]

TBH I can understand why so many micro companies want to handle cash, trend is definitely toward increasingly having the government and its quangos constantly on us for something, information or money. Cash is one of the last forms of protest vs wholesale state interference / monitoring so ofc I expect its days are numbered as the "free" West gets ever more heavy-handed and oppressive. They can't deal with the trauma of knowing a citizen could be off-radar.

 

[Kerwin]

TBH I can understand why so many micro companies want to handle cash, trend is definitely toward increasingly having the government and its quangos constantly on us for something, information or money. Cash is one of the last forms of protest vs wholesale state interference / monitoring so ofc I expect its days are numbered as the "free" West gets ever more heavy-handed and oppressive. They can't deal with the trauma of knowing a citizen could be off-radar.

You should look into privacy orientated cryptocurrencies like Monero.
Edit: Not Bitcoin!

 

[Bob Morgan]

I found my cheque book the other day, and looked to see what the last cheque I wrote was. It was to my mother for her birthday.

She died in 2015...

HOWEVER In other parts of the worlds, Post Dated Cheques are common business practice.

 

[Dinky]

Often I will pass my local fish and chip shop, and Chinese, smell their food and think 'I'll have some of that!', then quickly remember that they only accept cash. Added to that the only cashpoint near me charges £1.50 and is always out of order/cash, so that chip shop and Chinese unfortunately no longer get my business.

 

[ValenDigital]

Definitely not! In our neck of the woods every single takeaway and fast food joint will NOT take card payments any-more. Some actually had sumup and a few different card machines pre covid (and during) but now they only take cash. To them cash is king. When they did take card payment we loved it. For us if its a choice of going to one where they take card over cash, we will go to the card place all day (even if the foods not as good) go figure!

 

[Matt.smith.TP]

Definitely not! In our neck of the woods every single takeaway and fast food joint will NOT take card payments any-more. Some actually had sumup and a few different card machines pre covid (and during) but now they only take cash. To them cash is king. When they did take card payment we loved it. For us if its a choice of going to one where they take card over cash, we will go to the card place all day (even if the foods not as good) go figure!

My favourite Takeaway is Cash only! They were on Just eat during lockdown but came off

It put's me off going to be fair i always end up somewhere else as i never carry my card with me!

 

[HouseReno]

I'm sure many people would agree that cash is in the past, I never carry cash with me. You've got everything you need on your apple wallet now, don't even always have to have your card with you. Way easier if you ask me! out with the old and in with the new

 

[Paul Norman]

I did get asked for cash last week.

It was a campsite - the site fees for my stay were over £100, and the owner wanted cash.

I estimate that on that day alone he would have well over a grand in cash in his office. He was, in fairness, relaxed for me to pay the fees later in my stay after I had walked into town to get some cash.

I didn't press him on his reasons. Maybe he prefers not to declare all the income. Maybe he prefers to buy everything using cash. For me, having to take big lumps of cash into a bank would be a bit of a faff.

But I don;t think cash is close to being dead. I do, however, think that cash only needs to be!

 

[Kerwin]

I don't see the need for cash with Apple Pay and contactless debit and credit cards. Even teenagers can get debit cards these days. Soon we won't need PINs either, as they'll use fingerprints or something.

 

[Ozzy]

After I don't recall how many years without carrying any cash I found myself a few days ago needing cash when, for the first time, I thought I'd try out the Turkish barber in town for a beard and hair trim. They wanted payment in cash only, which I found really annoying.

 

[japancool]

I'm given to understand that ladies (and gentlemen) of negotiable virtue still prefer cash.

 

[pentel]

One reason small companies prefer cash would be to get away from the card company fees. At a high turnover they are not so bad but at £1-2000 per week you can be paying 2% or more in card fees. That is 20% of your profit on a 10% margin.

Some will say: "add it to the price of the unit", Pay the card company or increase the margin. Which would you choose.

It's not that simple of course as some people wont pay by cash and will walk away, thus reducing turnover.

Its all down to choice I suppose.

 

[Newchodge]

I don't see the need for cash with Apple Pay and contactless debit and credit cards. Even teenagers can get debit cards these days. Soon we won't need PINs either, as they'll use fingerprints or something.

What is Apple Pay?

Being a member of the older generation, I have debit (not credit) cards that I use for most things, but I always carry at least £20 cash.

 

[ecommerce84]

@pentel I suppose it depends on what they can do with the cash afterwards.

If they’re suppliers take it or they pay wages or themselves with it then it’s probably workable.

We’re charged 1% to deposit cash into the bank vs 1.75% through our Zettle, and I spend what I can in the cash and carry but our local bank branch only opens between 9am and 3pm Mon-Friday which isn’t ideal, and takes time out of my day to do more productive things.

I much prefer taking card to cash as it just makes my life easier and the cash saving is negligible in the long run.

 

[Mark T Jones]

more to do with demographics than personal choice. People who use chip shops tend to be far poorer and don't have access to banking cards.

I'd be fascinated to see the research behind that

 

[johndon68]

more to do with demographics than personal choice. People who use chip shops tend to be far poorer and don't have access to banking cards.

You cannot possibly be serious...

 

[johndon68]

What is Apple Pay?

Being a member of the older generation, I have debit (not credit) cards that I use for most things, but I always carry at least £20 cash.

Apple Pay is a way of using your phone to pay for things but the money still comes from your bank account (or credit card or any other card that you have that supports Apple Pay). You 'scan' your debit card using the phone camera, do an authorisation with the bank and then you no longer need to use your card, you simply use your phone instead. One advantage is that the contactless limit doesn't apply.

 

[Mark T Jones]

Apple Pay is a way of using your phone to pay for things but the money still comes from your bank account (or credit card or any other card that you have that supports Apple Pay). You 'scan' your debit card using the phone camera, do an authorisation with the bank and then you no longer need to use your card, you simply use your phone instead. One advantage is that the contactless limit doesn't apply.

Do you have to go via the operator?

 

[DontAsk]

more to do with demographics than personal choice. People who use chip shops tend to be far poorer and don't have access to banking cards.

Not around here. Have you seen the price of Fish and Chips these days?

 

[johndon68]

Do you have to go via the operator?

You've lost me there I'm afraid.

 

[johndon68]

as opposed to be dismissive of the destructive impact our class system has and the economic apartheid it creates?
Just stating the obvious

The constant stream of cars in and out of the car park for the shop I was referring to would suggest that it's customers are neither poor nor have problems getting a bank card.

 

[Mark T Jones]

all you have to do is use a search engine..it's not hidden

Please do it for me

 

[fisicx]

mmmmmmmmm I thought I already did

I’ve just done so and can’t find any report suggesting fish and chips demographics are skewed towards poorer people.

 

[Bob Morgan]

Now that is a scary thought!

Rather like the old joke about Divorce . . . . "I asked my wife what she wanted for her birthday, and she told me A Divorce!" . . . . My response was "I wasn't thinking of spending quite that much!"

 

[fisicx]

search

England’s poorest areas are fast food hotspots​

on gov.uk

That just says poor people eat more fast food. Doesn’t say anything about debit/credit cards.

Even to poorest have cards, they need them to get cash out the bank.

 

[fisicx]

sorry, I assumed way too much to the presence of pre-existing synapses in the ability to correlate and interpolate
So where are you in the development of your synapses so I can best know which reading age to answer with

Ignoring the sarcasm...

If you look are the statistics the demographic for fish and chips is with older people (ie: less likely to be poor). Poorer people are far more likely to frequent McD, KFC and so on. The very poorest can't even afford these.

I agree that fish and chips is popular (3rd at 16% after Chinese and Indian) but that doesn't mean people who use chip shops tend to be far poorer.

 

[Mark T Jones]

search

England’s poorest areas are fast food hotspots​

on gov.uk

So you've decided fish and chips and fast food are one and the same?

Cool, if it proves the point to your own satisfaction.

But presumably your evidence must tell us that cash is dominant in every burger bar, kebab House and Chinese?